Friday, March 30, 2012

China world's largest exporter, importer of ICT products

For the first time, China is not only the top exporter of information and communications technology (ICT) goods like computers and cell phones but also – since 2010 – the largest importer.The United Nations Conference on Trade and Development (UNCTAD) data revealed that China or Hong Kong (China) are the top destinations for seven of the world’s 10 largest ICT goods exporters. The numbers also indicated that developing nations are playing a larger role in ICT goods trade and that the sector displayed resilience during the global economic crisis, according to the data.The statistics revealed that such goods, which include computers, smartphones, tablets, microchips, televisions and other audio equipment, weathered the financial and economic crisis that erupted in 2008 more successfully than most economic sectors.For example, the decline in ICT goods imports in 2009 was smaller (14 per cent) than that of total merchandise trade (24 per cent), and the recovery in 2010 was more robust (24 per cent compared with 21 per cent). The crisis accentuated the trend towards a greater role for developing countries in the global production and consumption of ICT goods, it added.In 2010, for the first time, developing countries saw larger imports of such products compared to developed countries. "With $284 billion of ICT goods imports, China also overtook the US as the largest importer," the report said, adding that the expanding role of China and Hong Kong (China) partly reflected close intraregional trade links in the sector.The developing Asia exports increased from 58 per cent of global ICT exports in 2008 to 63 per cent in 2010. China ’s exports of such goods were 10 times the level reported at the start of the decade. Chine — in 2010 — exported close to $460 billion, ahead of Hong Kong (China) ($177 billion) and the US ($135 billion).Between 2000 and 2010, the US, Japan, the UK and Northern Ireland, Canada, Ireland and several other developed countries have experienced steep falls in the absolute values of their ICT exports. But some of the fast risers are found among new European Union (EU) members like Bulgaria, the Czech Republic, Latvia, Poland and Slovakia. In other parts of the world markets also — India, Mexico, Tunisia and Turkey — have all gained market share.Similarly, the UNCTAD's core indicators of international trade in ICT goods, defined by the Partnership on Measuring ICT for Development revealed the relative weight of ICT goods in each country’s imports and exports."Globally, ICT goods in 2010 accounted for 11.9 per cent of total merchandise exports," according to the UNCTAD data that showed that electronic components account for one third of all ICT goods exports.It is an illustration of the high degree of fragmentation characterising the ICT goods production system as well as of the increasing use of such components in non-ICT products like in transport equipment and domestic appliances.The second largest category is computer-related equipment, but its share has declined from 37 per cent to 29 per cent over the past decade. However, communication and consumer electronic equipment has grown in importance. The relative role of the categories of ICT goods varies considerably by importing country, reflecting differences in levels of development and the extent to which countries are part of the ICT production system.Computers and related equipment are the most important category in developed countries. But in developing Asia – the main ICT production hub – almost 60 per cent of trade is in electronic components.In Africa and in the least developed countries, mobile phones and other communication equipment account for the largest share of imports. A more detailed look at the most traded ICT goods revealed that different kinds of electronic integrated circuits occupied the top two places among the most traded items in 2010.Parts and accessories of computing machines, which excludes peripheral units, ranked third ($131 billion) down from the top rank in 2000 ($152 billion), it said, adding that cell phones represented total world exports of approximately $131 billion in 2010, double over the decade from $63 billion in 2000.Similarly, the rate of increase was even more spectacular for laptops and other portable processing devices as they increased fivefold, from $25 billion to $125 billion.The data also revealed the sharp increase in exports of photosensitive semiconductor devices, which include photovoltaic cells. These devices made it into the top 10 of traded ICT items in 2010, multiplying their exports by a factor of 10 in a decade, from $7.2 billion in 2000 to $72 billion in 2010.

6 comments:

Anonymous
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